Factory Maintenance
Code: 5123
👁 Views: 121
Account Information
| Financial Statement | Income Statement |
| Normal Balance | Debit |
Definition
Maintenance cost of factory equipment
Note: This account may be broken down into sub-ledgers as needed (e.g., customer/supplier/bank names or branches).
📐 IFRS vs US GAAP Accounting Treatment
IFRS
IAS 16
Property, Plant and Equipment
US GAAP
ASC 360
Property, Plant and Equipment
❓ Frequently Asked Questions
Q: How is factory maintenance recorded?
A: If routine: Dr. Factory Maintenance (expense). If improvements extend life: capitalized.